Intraday Stock Calls & Market Update
Market opened flat yesterday but rebounded but failed to sustain and slipped again lower in subsequent session. But all’s well that ends well, it rallied smartly in the closing hours after reports that S&P’ss has affirmed its ratings on India and revised its outlook to stable from negative, saying the country’s fiscal position could begin to recover and the economy would remain on a strong growth path.
News Bits
- India’s food price inflation eased in early March but fuel inflation continued to rise, adding upward pressure on headline inflation and maintaining the case for the Reserve Bank to raise rates at its April policy review. Data released showed the food price index rose 16.30% in the year to March 6, lower than an annual rise of 17.81% in the previous week, continuing a downward trend for the second straight week. (BS)
- Sun Pharma received approval from the US health regulator for generic version of anti-allergic product Prometh syrup. (BS)
- Idea Cellular has alloted 19.91 crore shares to the shareholders of Spice Communications that has been merged with the Company. (BS)
- Fedders Lloyd Corporation said the company in a consortium with Spain’s Cobra Instalaciones bagged a power distribution project worth Rs. 2.57 bn from Madhya Pradesh Kshetra Vidyut Vitaran. (BS)
- The cost of living in the US was unchanged in February, underscoring the Federal Reserve’s forecast that inflation will remain low. The consumer-price index didn’t increase for the first time since a decrease in March 2009, and followed a 0.2% gain in January, Labor Department figures showed. Excluding food and energy costs, the so-called core index increased 0.1%. (Bloomberg)
Intraday Tips
ATLANTA
Around 213-215
Target: 224-227
Stoploss 211
Very Short Term Calls
Bharti Airtel:
Buy ABOVE: 303-304
Target: 315-320 IN NO TIME
Stoploss: 294
Reliance Media Works:
Buy ABOVE 236
Target: 250+
Stoploss: 222
View : Short Term
JKTYRE ( JK Tyre And Industries Ltd )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
206 |
203 |
210.5 |
218 |
|
SELL BELOW |
199 |
202 |
196 |
189 |
RECLTD ( Rural Electrification Corporation Limited )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
253 |
248 |
256 |
262 |
|
SELL BELOW |
247 |
250 |
244 |
240 |
HANUNG ( Hanung Toys And Tex Ltd )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
183 |
177 |
188 |
195 |
|
SELL BELOW |
175 |
177 |
171 |
161 |
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